1- American General offers a 18-year annuity with a guaranteed rate of 7.06% compounded annually. How much should you pay for one of these annuities if you want to receive payments of $2100 annually over the 18 year period?

How much should a customer pay for this annuity?

2- E-Loan, an online lending service, recently offered 48-month auto loans at 3.9 %compounded monthly to applicants with good credit ratings. If you have a good credit rating and can afford monthly payments of $ 321 how much can you borrow from E-Loan? What is the total interest you will pay for this loan? How much can you borrow?

3- if you buy a computer directly from the manufacturer for $ 2578 and agree to repay it in 60 equal installments at 2% interest per month on the unpaid balance, how much are your monthly payments? How much total interest will be paid? What is your monthly payment?

4- The annual interest rate on a credit card is 14.99% If a payment of $300 is made each month, how many months will it take to pay off an unpaid balance of $2517.17 Assume that no new purchases are made with the credit card. It will take how many months to pay off the unpaid balance.

5-The annual interest rate on a credit card is 13.99% If the minimum payment of $20 is made each month, how many months will it take to pay off an unpaid balance of $937.89? Assume that no new purchases are made with the credit card. It will take nothing months to pay off the unpaid balance.